Virtual Reality, VR, Immersive Technology & Simulated Environment

Facebook to Acquire Oculus VR, the Rift Maker for $2 Billion

On 25th March 2014, Facebook has announced that they will acquire Oculus VR, the company who made the popular Oculus Rift virtual reality headset, for around $2 billion in cash and stock. From the Facebook standpoint, Oculus VR is currently the leader in virtual reality technology and the acquisition is expected to close in second quarter (Q2) of 2014. So, how this acquisition aligned with the Facebook’s mission to make the world to be more open and connected?

Based from Mark Zuckerberg’s announcement on the acquisition, I can feel that Facebook is very interested to increase the level of community sharing to one step further. As you know, via Facebook, users can share their idea, image and video with their friends through the platform. Soon, with the virtual reality platform offered by Oculus Rift, users would be able to also share their entire experiences and adventures too. Instead of just imagining it by looking at the photos, users can now “feel” and “experience” it via the high tech virtual reality gadget. it This will be exciting moment to come. For more info, you can visit: